Initial Indications: Ukraine War Will Result In Increased Interest In Bitcoin -- March 27, 2022

Of course, "Bitcoin" is a metonym for cryptocurrency.

From Collin McLelland:

Re-posting from ZeroHedge via oilprice.com:

The fourth-largest oil company in the world is now considering taking its gas-to-bitcoin pilot to four countries. 

The largest U.S. oil producer Exxon Mobil is considering expanding its North Dakota bitcoin mining pilot program to further reduce the volume of natural gas it routinely burns off or flares into the atmosphere.

People familiar with the matter told [Bloomberg] that the oil giant has an agreement with Crusoe Energy Systems to redirect gas that would otherwise be wasted from an oil well pad to mobile bitcoin mines. The report said the pilot project launched in January 2021 in North Dakota’s Bakken and expanded in July; now, it consumes up to 18 million cubic feet of gas per month that Exxon couldn’t otherwise monetize.

Exxon is now considering similar pilot projects in Alaska, the Qua Iboe Terminal in Nigeria, Argentina’s Vaca Muerta shale field, Guyana and Germany, one of the people told Bloomberg.